VANTAGE DRILLING COMPANY

Ticker: VTGDF CUSIP: G93205113 Class: ORD SHS

Penn Capital Management Company, LLC's Holding History (CIK: 0001158202)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 1,320,848 Value ($000) $2,430 Avg Close $1.81 Range $1.70 - $1.95

Q3 2013

Shares 1,376,695 Value ($000) $2,382 Avg Close $1.80 Range $1.68 - $2.06

Q2 2013

Shares 1,979,342 Value ($000) $4,038 Avg Close $1.78 Range $1.57 - $2.04

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	1,320,848	$2,430	$1.81	$1.70 - $1.95
Q3 2013	1,376,695	$2,382	$1.80	$1.68 - $2.06
Q2 2013	1,979,342	$4,038	$1.78	$1.57 - $2.04